Monday, June 11, 2007

Is water the next oil? Motives behind the question vary, depending on who asks the question.Those who see water as a future core commodity – therefore as profitable a prospect as oil – pose the question to create the right market conditions for water trade. Those who see the potential for conflict arising from scarcity compare diminishing freshwater to oil's depleting reserves. Those who see an environmental threat from mismanagement of water see parallels with the abuse and waste of oil. (snip)